A Formal Invitation to Vendors to Submit a Bid for Preparation

question 25

Multiple Choice

A formal invitation to vendors to submit a bid for preparation of a system is called a(an)

• A)SDLC.
• B)RFP.
• C)ASP.
• D)CASE.

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Definitions:

Economic Stimulus

Governmental measures intended to encourage economic growth or avoid economic slowdowns, typically involving increased public spending and tax reductions.

Record Budget

A detailed financial document recording projected revenue and expenditure over a specific period, often indicating a surplus or deficit.

Dot.com Bubble

A period of excessive speculation and investment in Internet-based companies during the late 1990s, leading to a market crash in 2000-2001.

Budget Deficits

Occurs when government expenditures exceed revenues, leading to a shortfall that must be financed through borrowing.